May 13, 2012

Cessna Sees Strong European Future for Citation M2

GENEVA, Switzerland, May 13, 2012 — Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, said today at the European Business Aviation Convention & Exhibition (EBACE) that the company foresees a strong European future for the planned light business jet, the Citation M2, scheduled to enter service in 2013.

Speaking at EBACE, Joe Hepburn, Cessna’s senior vice president, Customer Service, said: “There is already significant interest in the Citation M2 from our customers in Europe. Operator feedback and owner insight have indicated a European market demand for a Citation with the size, speed and range of the Citation M2. We are experiencing enquiries from potential customers new to the Citation family, Mustang owners looking for a logical next step and CJ1+ operators who want a new, more advanced Citation.”

Hepburn continued: “Reliable and comfortable, the M2 is ideally suited to business travel in Europe; the aircraft offers non-stop flights between city pairs including Paris-Athens and Zurich-Moscow.”

Announced in September 2011, the Citation M2 made its first prototype flight in March 2012. The flight lasted just over 90 minutes and included tests of the avionics system, autopilot, engine system, aircraft systems and instrument approaches. Since then, the prototype has flown 35 times and acquired more than 70 flight hours. Cessna also just completed the first flight of their second conforming prototype article which will be used primarily for aerodynamics testing.

Federal Aviation Administration certification (Part 23) is expected in the first half of 2013, followed by deliveries beginning in the second half of 2013.

The Citation M2’s clean cockpit design is anchored by the fully integrated Garmin G3000 avionics suite and the aircraft is powered by a pair of FADEC-controlled Williams International FJ44-1AP-21 turbofan engines. The aircraft has an all-new cabin design, including the optional Cessna proprietary cabin management system Clairity™ that includes the latest interface options for greater in-flight productivity and connectivity.

With room for two crew and up to six passengers, the $4.195 million 2012 USD Citation M2 has a maximum cruise speed of 400 knots true airspeed (741 kilometers per hour) and a range of 1,300 nautical miles (2,408 kilometers). The aircraft can operate at airports with runways as short as 3,250 feet (991 meters) and will climb to 41,000 feet (12,497 meters) in 24 minutes.


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About Cessna
Cessna is the world's leading general aviation company. Since its inception in 1927, Cessna has designed, produced and delivered more than 193,500 airplanes around the globe. This includes more than 6,300 Citation business jets, making it the largest fleet of business jets in the world. Today, Cessna has two principal lines of business: aircraft sales and aftermarket services. Aircraft sales include Citation business jets, Caravan single-engine utility turboprops, single-engine piston aircraft and lift solutions by CitationAir. Aftermarket services include parts, maintenance, inspection and repair services. In 2011, Cessna delivered 689 aircraft, including 183 Citation business jets, and reported revenues of $2.990 billion. More information about Cessna Aircraft Company is available at cessna.com.

About Textron
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. More information is available at textron.com.

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to the efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products; the timing of our new product launches or certifications of our new aircraft products; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; performance issues with key suppliers, subcontractors or business partners; difficult conditions in the financial markets which may adversely impact our customers’ ability to fund or finance purchases of our products; and continued volatility in the economy resulting in a prolonged downturn in the markets in which we do business.